So how does one go about comparing ULIPs vis-à-vis tax-saving funds? An illustration will help in putting things in perspective.
'The entire value of LIC is created by its shareholders because after the initial invest net of Rs 5 crores in 1956, the government has not given any additional capital to the LIC.' 'If the corporation has expanded and emerged as the biggest financial institution in the country, it is only because of the policyholders.'
Check out what to look for while zeroing in on a term plan.
'The government wants foreign companies to capture the insurance market.'
The Left parties, Janata Dal (United), and two other Opposition members on the committee opposed raising the foreign direct investment limit in the insurance sector from 26 per cent to 49 per cent.
Manik Nangia, Director and Chief Digital Officer, Max Life Insurance emphasises the importance of child insurance plan.
Follow these steps diligently to ensure that there isn't any hardship when your parents fall ill
Advisors and agents known to you personally can also sell wrong policies.
'We like certain stocks from banking, insurance, retail, hospitals and capital goods.' 'Though some of these stocks may seem expensive, they will compound well over the long term, thus justifying their current multiples.'
This is a single premium non-linked insurance plan where the risk cover is five times of premium chosen by the customer and offers guaranteed returns at maturity.
LIC public offer will remain open for subscription even on weekend to enable people to participate in the mega IPO of the state-owned insurer. This is perhaps for the first time the special dispensation is granted to any public offer. The issue period also includes bidding on Saturday, May 7, 2022 and Sunday, May 8, 2022, LIC informed exchanges. Earlier bidding was allowed on May 7 (Saturday) only.
Unit-linked plans or Ulips continue to be expensive compared to other instruments, say certified financial planners.
With the public sector non-life insurers rationally pricing risks, discounts on property insurance has come down by 20-25 per cent.
Not all companies are generous with numbers these days - they're willing to share details of their core operations, but many of them are reluctant to let shareholders get even a glimpse of newer ventures
It should cover mandatory expenses, insurance premiums and loan installments for six months to a year.
As the advertising onslaught grows in the tax season it is important to understand what ULIPs really are. InvestmentYogi presents a quick guide to understanding ULIPs.
'Non-par plans returns are not market-linked. Hence, they can offer guaranteed returns.'
Whether salaried or running your own business, it's about time to get your investment proofs in tax-saving instruments ready for filing your income tax returns later this year.
If bank and service provider are not compliant, pay manually, or give standing instruction linked to bank a/c, suggests Bindisha Sarang.
Public-sector LIC for the first time witnessed its market share slipping below 80 per cent mark in November-end 2004 as competition intensified in the life insurance market with the entry of Sahara Life.
Max New York Life's recently launched Ulip gives you the all-equity option
A tax plan is not only to save taxes, it should also assist you in achieving your other financial goals such as buying a home, a car, children's education, retirement to name a few. Here are some top ways in which you could plan for your tax savings
Till June-end alone, insurance regulator is expected to bring about more than half a dozen reforms that will have a significant impact on the customer.
The Jan Dhan scheme restricts the scope of life insurance cover to bring down burden on the exchequer.
Surrendering a ULIP after having paid the premiums for the first three years may be an unwise option.
So far, no insurance company in India has come up with a long-term policy on health insurance
Maternity insurance ensures that you can enjoy the happiest moments of your life without any financial worries, says Harjot Singh Narula
Vijay is the name of the character that Amitabh Bachhan has played in many of his movies. In most cases, Vijay belonged to the underprivileged class. It's a curious coincidence that the megastar has just become brand ambassador for an insurance product called Max Vijay, a product targeting the poor.
A cancer dedicated policy will provide a sum assured of Rs 20-25 lakh for a 30 year old for mere sum of Rs 4,500-6,000 per year (on an average) for a term of 35-40 years, which is even lesser than the cost of a weekend road trip with your loved ones
During the first quarter ended June, 2014-15 fiscal, LIC earned a total premium of Rs 14,016 crore.
Raising social security pension amounts, increasing financial assistance given under the 'Rythu Bandhu' investment support scheme for farmers and providing LPG cylinders at Rs 400 each are some of the promises made by the ruling Bharat Rashtra Samiti for the upcoming assembly elections in Telangana.
The country's largest insurer had been keen to run a bank for a long time to manage the large premium collection and claim settlement work.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
A rightly chosen ULIP can be a competitive investment, but the investor needs to ensure that his relationship manager has put him ahead of the commissions that the product pays, says Anil Rego, CEO, Right Horizons.
'It is advisable to invest in them early in life and stay invested for a longer period to achieve long-term goals and accumulate wealth.'
If you are a frequent traveller, then you should opt for a multi-trip travel plan because it works out to be cheaper.
Irdai's push will make insurance cheaper for consumers and enable a consolidated view of all policies.
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